Ann: Halo to expand UAV healthcare services in North America, page-16

good call. low ball takeover is now a risk. positive is that those revenue multiples in any valuation will increase this half considering the orders that will be placed by DroneUp. Remember they are scaling up to 34 sites by the end of the year...

valuation multiples for tech companies could be upwards of 20x depending on annual revenue growth. so if Yoavs performance target or $3m US gets hit, that's a $60m US valuation which would translate to an AUD market cap of about $88m. based on 135m shares outstanding that would be a share price of about $0.65.

obviously the above doesn't factor in blue sky but I think that calculating a valuation in 12 months time would be significantly higher considering the growth in the industry and the fact that higher orders will flow through from the likes of Spright and Wingcopter.

all IMO and the calcs are back of the envelope.